Alphabet Inc (NASDAQ:GOOGL) Rating Reaffirmed
The company has just set a target price of $1225.0 on Alphabet Inc (NASDAQ:GOOGL) shares. This is 7.60 % from the previous close. In a research report issued on Friday, 27 October, Jefferies reaffirmed their “Buy” rating on shares of GOOGL.
Alphabet Inc. (NASDAQ:GOOGL) Ratings Coverage
Among 51 analysts covering Google (NASDAQ:GOOGL), 46 have Buy rating, 0 Sell and 5 Hold. Therefore 90% are positive. Google has $1350.0 highest and $670 lowest target. $1048.13’s average target is -7.94% below currents $1138.5 stock price. Google had 167 analyst reports since August 8, 2015 according to SRatingsIntel. The company was maintained on Tuesday, July 18 by Needham. The firm has “Buy” rating given on Wednesday, June 29 by Goldman Sachs. The firm has “Buy” rating given on Friday, October 27 by Needham. Mizuho maintained the shares of GOOGL in report on Tuesday, August 25 with “Buy” rating. The firm has “Buy” rating by Mizuho given on Monday, October 16. The firm has “Buy” rating given on Friday, October 28 by Mizuho. The rating was maintained by Aegis Capital with “Buy” on Monday, July 24. Piper Jaffray maintained the shares of GOOGL in report on Thursday, October 19 with “Buy” rating. The firm has “Buy” rating by Evercore given on Thursday, September 3. Jefferies maintained it with “Buy” rating and $900.0 target in Friday, October 23 report.
The stock increased 0.69% or $7.85 during the last trading session, reaching $1138.5. About 574,578 shares traded. Alphabet Inc. (NASDAQ:GOOGL) has risen 33.46% since January 16, 2017 and is uptrending. It has outperformed by 16.76% the S&P500.
Analysts await Alphabet Inc. (NASDAQ:GOOGL) to report earnings on January, 25. They expect $10.11 EPS, up 33.73 % or $2.55 from last year’s $7.56 per share. GOOGL’s profit will be $6.99B for 28.15 P/E if the $10.11 EPS becomes a reality. After $9.57 actual EPS reported by Alphabet Inc. for the previous quarter, Wall Street now forecasts 5.64 % EPS growth.
Alphabet Inc., through its subsidiaries, provides online advertising services in the United States, the United Kingdom, and rest of the world. The company has market cap of $787.18 billion. The firm offers performance and brand advertising services. It has a 38.05 P/E ratio. It operates through Google and Other Bets divisions.
More notable recent Alphabet Inc. (NASDAQ:GOOGL) news were published by: Investorplace.com which released: “Google Strikes Back: Alphabet Inc Plans A Massive Google Assistant Push” on January 11, 2018, also Nypost.com with their article: “Eric Schmidt stepping down as executive chairman of Alphabet” published on December 21, 2017, Investorplace.com published: “For Alphabet Inc, It’s the Year of Artificial Intelligence” on January 09, 2018. More interesting news about Alphabet Inc. (NASDAQ:GOOGL) were released by: Investorplace.com and their article: “Alphabet Inc Stock Losing Steam in All the Wrong Places” published on January 02, 2018 as well as Seekingalpha.com‘s news article titled: “Dear Alphabet: Show Me The Money!” with publication date: December 18, 2017.